Going Down: The Asian Crisis and United States Exports (ICPSR 1203)

The Asian financial and economic crisis has attracted much
attention to the trade links among the United States and countries
throughout Asia. Until the crisis, United States exports to East Asia
were growing rapidly. In this article, the authors examine the abrupt
decline in exports and provide estimates of the sizes of the export
shock both to the United States economy as a whole and to specific
sectors. More than half the industries they studied experienced
declines in exports to East Asia of more than 15 percent. However,
focusing solely on the export data overstates the importance of these
declines for the industries in question. The effect of the decline
depends on the extent to which that industry relies on the East Asian
market to sell its output. Incorporating the export declines with the
market share data indicates the extent to which each industry has been
affected. For most industries, the decline in exports lowered growth
by 0.4 percentage points or less. For some industries, such as the
nonelectrical machinery industry, the export shock reduced output by 1
percent or more.

The Asian financial and economic crisis has attracted much
attention to the trade links among the United States and countries
throughout Asia. Until the crisis, United States exports to East Asia
were growing rapidly. In this article, the authors examine the abrupt
decline in exports and provide estimates of the sizes of the export
shock both to the United States economy as a whole and to specific
sectors. More than half the industries they studied experienced
declines in exports to East Asia of more than 15 percent. However,
focusing solely on the export data overstates the importance of these
declines for the industries in question. The effect of the decline
depends on the extent to which that industry relies on the East Asian
market to sell its output. Incorporating the export declines with the
market share data indicates the extent to which each industry has been
affected. For most industries, the decline in exports lowered growth
by 0.4 percentage points or less. For some industries, such as the
nonelectrical machinery industry, the export shock reduced output by 1
percent or more.

Access Notes

These data are flagged as replication datasets
and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material.
Users should consult the investigator(s) if further information is desired.

The public-use data files in this collection are available for access by the general public.
Access does not require affiliation with an ICPSR member institution.

Dataset(s)

Study Description

Citation

Pollard, Patricia S., and Cletus C. Coughlin. Going Down: The Asian Crisis and United States Exports. ICPSR01203-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 1999-08-18. https://doi.org/10.3886/ICPSR01203.v1

Scope of Study

The files submitted for release are 9903PCD.XLS,
the data and programs for Figures 1-4 in the article, and
9903PCDP.ZIP, which unzips to program and data files for the rest of
the tables and figures in the article.

These data are part of
ICPSR's Publication-Related Archive and are distributed exactly as
they arrived from the data depositor. ICPSR has not checked or
processed this material. Users should consult the investigator(s) if
further information is desired.